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Held by 2,080 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.67B 100.0% | $28.26B 100.0% | $27.56B 100.0% | $21.17B 100.0% | $18.61B 100.0% | $13.98B 100.0% | $11.82B 100.0% | $10.94B 100.0% | $8.96B 100.0% | $6.88B 100.0% |
| Cost of Revenue | $15.41B 47.2% | $13.77B 48.7% | $13.42B 48.7% | $10.47B 49.5% | $8.80B 47.3% | $7.18B 51.4% | $6.54B 55.3% | $5.91B 54.0% | $4.94B 55.1% | $3.73B 54.3% |
| Gross Profit | $17.26B 52.8% | $14.49B 51.3% | $14.14B 51.3% | $10.70B 50.5% | $9.81B 52.7% | $6.80B 48.6% | $5.28B 44.7% | $5.03B 46.0% | $4.02B 44.9% | $3.15B 45.7% |
| Research & Development | $4.70B 14.4% | $4.30B 15.2% | $3.98B 14.4% | $3.25B 15.4% | $2.55B 13.7% | $2.20B 15.7% | $1.97B 16.7% | $1.58B 14.4% | $1.26B 14.1% | — |
| Selling, General & Admin | $1.26B 3.9% | $1.17B 4.1% | $1.11B 4.0% | $945.9M 4.5% | $725.6M 3.9% | $544.9M 3.9% | $520.5M 4.4% | $488.0M 4.5% | $416.6M 4.6% | $374.8M 5.5% |
| Operating Income | $11.30B 34.6% | $9.02B 31.9% | $9.04B 32.8% | $6.50B 30.7% | $6.75B 36.3% | $4.05B 29.0% | $2.79B 23.6% | $2.97B 27.1% | $2.44B 27.2% | $1.76B 25.6% |
| Interest Expense | $118.3M 0.4% | $162.6M 0.6% | $152.7M 0.6% | $60.8M 0.3% | $54.6M 0.3% | $43.3M 0.3% | $36.6M 0.3% | $41.8M 0.4% | $57.5M 0.6% | $38.0M 0.6% |
| Interest & Investment Income | $223.0M 0.7% | $182.4M 0.6% | $193.9M 0.7% | $16.2M 0.1% | $10.0M 0.1% | — | — | — | — | — |
| Pretax Income | $11.41B 34.9% | $9.04B 32.0% | $9.08B 33.0% | $6.46B 30.5% | $6.71B 36.0% | $4.02B 28.7% | $2.77B 23.4% | $2.94B 26.8% | $2.39B 26.7% | $1.79B 26.1% |
| Income Tax Expense | $2.01B 6.2% | $1.68B 5.9% | $1.44B 5.2% | $969.9M 4.6% | $1.02B 5.5% | $551.5M 3.9% | $191.7M 1.6% | $351.6M 3.2% | $306.0M 3.4% | $234.4M 3.4% |
| Net Income | $9.61B 29.4% | $7.57B 26.8% | $7.84B 28.4% | $5.62B 26.6% | $5.88B 31.6% | $3.55B 25.4% | $2.59B 21.9% | $2.59B 23.7% | $2.07B 23.1% | $1.56B 22.7% |
| Per Share | ||||||||||
| EPS (Basic) | $24.73 | $19.25 | $19.91 | $14.14 | $14.36 | $8.49 | $6.16 | $6.10 | $4.81 | $3.66 |
| EPS (Diluted) | $24.71 | $19.24 | $19.89 | $14.13 | $14.34 | $8.48 | $6.15 | $6.08 | $4.79 | $3.64 |
| Weighted Avg Shares (Basic) | 388.5M | 393.3M | 393.8M | 397.7M | 409.8M | 418.3M | 420.8M | 424.9M | 429.8M | 425.6M |
| Weighted Avg Shares (Diluted) | 388.9M | 393.6M | 394.1M | 398.0M | 410.4M | 419.1M | 421.6M | 426.4M | 431.6M | 427.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81 · book equity (no price)
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $6.0B buybacks = $6.0B returned on $11.1B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 43%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $12.9B covers all $4.5B of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.4% on $2.7B of debt.
Cash of $12.9B fully covers short-term debt of $1.7B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
No trend data available for this metric.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
No current price collected.
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 54.0 | 55.3 | 51.4 | 47.3 | 49.5 | 48.7 | 48.7 | 47.2 |
| Gross Profit | 46.0 | 44.7 | 48.6 | 52.7 | 50.5 | 51.3 | 51.3 | 52.8 |
| R&D | 14.4 | 16.7 | 15.7 | 13.7 | 15.4 | 14.4 | 15.2 | 14.4 |
| SG&A | 4.5 | 4.4 | 3.9 | 3.9 | 4.5 | 4.0 | 4.1 | 3.9 |
| Operating Income | 27.1 | 23.6 | 29.0 | 36.3 | 30.7 | 32.8 | 31.9 | 34.6 |
| Income Tax | 3.2 | 1.6 | 3.9 | 5.5 | 4.6 | 5.2 | 5.9 | 6.2 |
| Net Income | 23.7 | 21.9 | 25.4 | 31.6 | 26.6 | 28.4 | 26.8 | 29.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ASML: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.